Taking important steps towards reducing carbon dioxide emissions and being carbon neutral, China has increased the amount of energy it produces from solar energy by 23%.
China announced in June that it would achieve grid parity by ending the subsidies given from the central budget for new central photovoltaic stations, distributed photovoltaic projects and onshore wind energy projects in 2021. According to China’s National Development and Reform Commission, the policies enacted from 01 August 2021 aim to promote efficient use of resources and develop high-quality new energy sectors such as solar and wind power.